ashishskbtc

MEDPLUS Upflag buy for target 841

Short
NSE:MEDPLUS   MEDPLUS HEALTH SERV LTD
MEDPLUS stock showing upflag chart pattern and trades above the Anniversary Date

Pros
1. Upflag pattern
2. Breakout with good Volumes
3. Golden Crossover before the breakout candle
4. Piotroski score 7
5. Good profit growth of 25.7% CAGR over last 5 years

Cons
1. Stock is trading at 6.23 times its book value

Verdict
Target = 841
SL = 744
Buy@ = 752-755
Risk = 8
Reward = 89
Ratio Reward Ratio = 1:11
Potential upside = 89.41%

* These are my analysis & not recommendations please take your decision basis your analysis

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